News

IMF looks forward to working with new President

Published

9 months ago

September 24, 2024

editor

The International Monetary Fund said it’s looking forward to working with Sri Lanka’s newly elected leftist president, including on the latest review of the country’s $3 billion bailout package, international media reports said.

“We will discuss the timing of the third review of the IMF-supported program with the new administration as soon as practicable,” the organization said in a statement after President Anura Kumara Dissanayake was sworn into office on Monday.

“We look forward to working together with President Dissanayake and his team towards building on the hard-won gains that have helped put Sri Lanka on a path to economic recovery since entering one of its worst economic crises in 2022,” the IMF added.

In its statement, the IMF said the recent agreement with bondholders “represents significant progress in Sri Lanka’s debt restructuring process,” adding that it’s still “subject to confirmation on comparability of treatment by Sri Lanka’s Official Creditors Committee.”

(sundaytimes.lk)

(This story, originally published by sundaytimes.lk has not been edited by SLM staff)

News

Derailment disrupts train operations on upcountry line

Published

11 minutes ago

June 27, 2025

editor

Train operations on the upcountry railway line have been disrupted after a train derailed at the Rambukkana railway station today (June 27).

The derailed train was travelling from Colombo to Rambukkana.

Accordingly, train services along the upcountry Line have been suspended, and alternative transportation arrangements are being made.

Meanwhile, efforts to re-rail the derailed train are underway.

News

‘Krrish’ case to be taken up again on Sep. 26

Published

2 hours ago

June 27, 2025

editor

The Colombo High Court has ordered the re-convening of the case filed by the Attorney General against Sri Lanka Podujana Peramuna (SLPP) MP Namal Rajapaksa on September 26.

The case pertains to allegations that Rajapaksa received Rs. 70 million from the Indian company ‘Krrish’ under the pretext of promoting the game of rugby.

Rajapaksa, appeared before the court when the case was taken up today (June 27).